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A South African High Court ruled that a seized 55,000-ton phosphate cargo belongs to the Sahrawi government-in-exile rather than Moroccan state company OCP. The cargo, bound for New Zealand, is now up for auction.
The ruling disrupts a phosphate supply contract with New Zealand importers, a small flow that could tighten local supply but is unlikely to move global phosphate prices.
asiatimes.comJohn McBethFeb 27, 2018After 126 past geopolitics events, DAP moved a median 0.0% over 5 sessions (48% higher; middle half -0.7% to +1.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
